Liquity Raises $6M in Series A Funding

Robert Lauko
Mar 29 · 1 min read

Today we’re excited to announce that Liquity has raised $6M In Series A funding led by Pantera Capital with follow on investments from Nima Capital, Alameda Research, Greenfield.one, IOSG, AngelDAO, and others.

We also received backing from an amazing group of angels including Bo Shen, Meltem Demirors, David Hoffmann, Calvin Liu, George Lambeth, and many more. Lastly, we’d like to thank and recognize Tomahawk.VC, 1kx, and Lemniscap for their continued support during this round.

This investment round will allow us to continue pursuing Liquity’s mission of improving access to on-chain borrowing, removing interest rates, and minimizing governance in DeFi. It also gives us the runway to expand the team and pursue opportunities to grow the Liquity ecosystem.

What is Liquity?

If you’re new here, Liquity is a decentralized borrowing protocol that offers interest-free liquidity against ETH as collateral. Loans are paid out in LUSD — a USD pegged stablecoin, and need to maintain a minimum collateral ratio of only 110%. By utilizing a novel liquidation mechanism and leveraging an algorithmic monetary policy it can offer unprecedented benefits for borrowers.

Join our community.

Twitter | YouTube | Newsletter | Reddit

Liquity

Decentralized Borrowing Protocol

Medium is an open platform where 170 million readers come to find insightful and dynamic thinking. Here, expert and undiscovered voices alike dive into the heart of any topic and bring new ideas to the surface. Learn more

Follow the writers, publications, and topics that matter to you, and you’ll see them on your homepage and in your inbox. Explore

If you have a story to tell, knowledge to share, or a perspective to offer — welcome home. It’s easy and free to post your thinking on any topic. Write on Medium

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store